28 April 2017

KENNEDY WILSON EUROPE REAL ESTATE PLC

("KWE", the "Company" or the "Group")

Q1 2017 dividend

The directors of KWE are pleased to announce that they have resolved to pay an interim quarterly dividend of 12.0 pence per share.

The dividend timetable is set out below.

Dividend event	Declared	Ex-dividend	Record	Payment
Date	28-Apr-17	11-May-17	12-May-17	31-May-17

For further information, please contact:

Investors

Juliana Weiss Dalton, CFA

+44 (0) 20 7479 7429

JWeissDalton@kennedywilson.eu

Press

Dido Laurimore / Tom Gough/Polly Warrack

+44 (0) 20 3727 1000

kennedywilson@fticonsulting.com

About Kennedy Wilson Europe Real Estate Plc

Kennedy Wilson Europe Real Estate Plc is an LSE listed property company that invests in real estate across the UK, Ireland, Spain and Italy. It aims to generate superior shareholder returns by unlocking value of under-resourced real estate across its target geographies. Its existing portfolio is primarily invested across office and retail in the UK and Ireland, weighted towards London, the South East and Dublin. For further information on Kennedy Wilson Europe Real Estate Plc, please visit www.kennedywilson.eu